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Paladinen [302]
3 years ago
11

Riverboat Adventures pays $170,000 plus $14,000 in closing costs to buy out a competitor. The real estate consists of land appra

ised at $22,000, a building appraised at $79,200, and paddleboats appraised at $118,800. Compute the cost that should be allocated to the building. Multiple Choice $66,240. $61,200. $79,200.
Business
1 answer:
damaskus [11]3 years ago
8 0

Answer:

Total cost allocated to building = $66,240

Explanation:

Given:

Total amount pay = $170,000 + $14,000 = $184,000

Land appraised amount = $22,000

Building appraised amount = $79,200

Paddleboats appraised price = $118,800

Find:

Total cost allocated to building

Computation:

Total appraisal price = Land appraised amount + Building appraised amount  + Paddleboats appraised price

Total appraisal price = $22,000 + $79,200 + 118,800

Total appraisal price = $220,000

Total cost allocated to building = [Total amount pay / Total appraisal price]Building appraised amount

Total cost allocated to building = [184,000/220,000]79,200

Total cost allocated to building = $66,240

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2 years ago
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a
stealth61 [152]

Answer:

Margin of safety= $275,862

Explanation:

Giving the following information:

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Variable factory overhead 150,000

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Break-even point (dollars)= 210,000 / [(1,000,000 - 710,000)/1,000,000]

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2 years ago
The market for kiwis is in equilibrium at a price of $1.50 per pound. if the government imposes a price ceiling in the market at
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Hi .10 i guess the answer
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Suppose that the BMW plant in Spartanburg, South Carolina, USA, produces $10 million worth of vehicles in a given year. Of this
ELEN [110]

Answer:

The answer is B. contributes to U.S. GDP, but not U.S. GNP

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The BMW plant in Spartanburg which produces $10million worth of vehicles is in USA but the company in owned by Germans. Since it is produced within the economy of USA, it will count for USA's GDP but it won't count for USA's GNP because it is not owned by USA citizen rather, it will count for Germany's GNP because it is owned by Germans.

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